# NOTICE OF PREMIUM DUE

This premium is due and payable to the company 15 days from the date of this bill or 30 days from inception of the contract, whichever is later. Additional installments are due and payable on the indicated due date. If this payment is not received within the time stipulated, this policy will be cancelled.

**ISSUING COMPANY:**
NATIONAL UNION FIRE INS CO.

**PRODUCER:**
JOHNSON & HIGGINS
95 WALL STREET
NEW YORK
NY
10005-0000

**FOR INSURANCE IN FAVOR OF:**
INTERNATIONAL BUSINESS MACHINES CORP
2000 PURCHASE STREET
PURCHASE
NY
10577-0000

**PRODUCER NUMBER:** 07875
**BILLING DATE:** 05/22/87

**POLICY NUMBER:** 199-36-01
**POLICY PERIOD:** FROM 05/21/87 TO 05/21/88
**COMM. RATE:** 7.50000%
**PREMIUM DUE:** $300,000

**PAYMENT SCHEDULE:** PREPAID
**INSTALLMENT DATE:** 05/21/87
**DUE & PAYABLE DATE:** 06/20/87
**AMOUNT DUE:** $300,000

**REMIT TO:**
AMERICAN INTERNATIONAL COMPANIES
P.O. BOX 1168
WALL STREET STATION
NEW YORK, N.Y. 10266

**TOTAL PREMIUM:** $300,000